Insulation: A Global Strategic Business Report
San Jose, California (PRWEB) February 10, 2015
Follow us on LinkedIn – The global market for insulation is witnessing steady growth driven by the recovery in new residential and non-residential construction activity in the emerging markets and increasing building renovation and upgrade projects in developed countries. Retrofitting insulation generates a major chunk of revenues in the North American and European markets. Other factors driving growth in the market include governmental emphasis on reducing energy consumption, and legislation of new building codes. Also benefiting growth are technology developments focused on improving the strength, durability and energy efficiency of insulation materials. Eco-friendly products are growing in popularity, against the backdrop of growing environmental concerns and rising popularity of green buildings.
In addition to heat transfer control, noise control also creates a significant opportunity for demand growth. The growing emphasis on privacy, peace and quiet in both public/commercial and private buildings is throwing the spotlight on sound insulation in structural engineering. The growing desire for undisturbed living and working environments is creating opportunities for the use of sound insulation solutions under floor coverings. Polystyrene boards, polyurethane foam, fiberglass and rock wool, represent conventional insulating materials for home insulation. However, newer materials are developed on a continuous basis, suitable for a broad range of applications in building and industrial sectors. Innovative material options poised to benefit market prospects in the near term include loose insulation made of shredded paper, recycled insulation, soy-bean foam insulation and modified fiberglass insulation. Fire insulation and impact insulation in industrial plants and warehouses are also generating significant opportunities for growth. Growing awareness over the health issues related to noise and vibrations is resulting in increased use of insulation materials in manufacturing plants where vibrations are caused by heavy industrial activities. Key factors driving the need for vibration control and isolation include lightweight construction architecture of modern buildings, and rise in multi-storied manufacturing plants and the ensuing installation of mechanical equipment on upper floors.
As stated by the new market research report on Insulation, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 6.9% over the analysis period. Increasing focus on home energy efficiency, rising environmental awareness, favourable government policies, steady economic growth, robust construction activity, and increasing investments in the industrial and infrastructure sectors, represent key growth drivers in the region.
Key players covered in the report include Armacell International S.A., BASF SE, BASF Polyurethanes GmbH, Cabot Corporation, CECA, CertainTeed Corporation, ContiTech AG, Evonik Industries AG, Flachshaus GmbH, Fletcher Insulation, Flumroc AG, Huntsman Corporation, Johns Manville, Knauf Insulation Ltd., Knauf Insulation GmbH, Microtherm N.V., Morgan Advanced Materials, Owens Corning, Paroc Oy AB, Pittsburgh Corning Corporation, PPG Industries, Rockwool International A/S, Roxul, Inc., Saint-Gobain, Sealed Air Corporation, Sonoco Products Company, The Dow Chemical Company, and Uralita Group, among others.
The research report titled “Insulation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, latest product launches and recent industry activity. The report provides market estimates and projections for the global and major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), The Middle East and Latin America (Brazil and Rest of Latin America). Product segments analyzed in the report include Foamed Plastics, Fiberglass, Mineral Wool, and Other Insulation. Key application areas analyzed in the report include Non-Residential, Residential, and Others.
For more details about this comprehensive market research report, please click here
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